Kennametal vs Linde plc Ordinary Shares: why the prices moved differently

Weekly · monthly · quarterly news summaries, side by side in time

Kennametal Inc (KMT)

Q3 20265 Aug – 23 Sep 2026

▲3▼1

Kennametal's record results and new additive carbide grade drive optimism

Record fiscal 2026 results and strong guidance Kennametal reported Q4 adjusted EPS of $2.96, up 770% year over year, and sales up 43% to $737 million, beating estimates. It initiated fiscal 2027 guidance with EPS of $4.15–$5.15 and sales of $3.33–$3.45 billion, boosting investor confidence.
This is the core positive fundamental news that directly lifts KMT's price.
New additive tungsten carbide grade KAF82 Kennametal launched KAF82, the first commercially scaled additive tungsten carbide grade for metal cutting tools. Two automotive OEMs already use it, and the company controls the powder supply, giving it a competitive edge and reducing tungsten use.
This innovation opens new markets and strengthens KMT's competitive position, supporting future growth.
Cash flow turns negative on tungsten inventory Despite record profits, operating cash flow swung from $208 million positive to $4 million negative, and free cash flow from $121 million positive to $79 million negative, due to inventory built at high tungsten prices. This raises concerns about cash generation.
This is a real counterweight that could pressure the stock if cash flow remains weak.
Board additions bring strategic expertise Kennametal elected Dawne Hickton and Richard Harshman to its board. Hickton leads an additive manufacturing firm, and Harshman is a former CEO of ATI. Their experience could help guide strategy, though no immediate operational impact.
This governance change may improve long-term strategic direction, a mild positive.

August 20265 Aug – 23 Sep 2026

▲3▼1

Kennametal's record results and new additive carbide grade drive optimism

Record fiscal 2026 results and strong guidance Kennametal reported Q4 adjusted EPS of $2.96, up 770% year over year, and sales up 43% to $737 million, beating estimates. It initiated fiscal 2027 guidance with EPS of $4.15–$5.15 and sales of $3.33–$3.45 billion, boosting investor confidence.
This is the core positive fundamental news that directly lifts KMT's price.
New additive tungsten carbide grade KAF82 Kennametal launched KAF82, the first commercially scaled additive tungsten carbide grade for metal cutting tools. Two automotive OEMs already use it, and the company controls the powder supply, giving it a competitive edge and reducing tungsten use.
This innovation opens new markets and strengthens KMT's competitive position, supporting future growth.
Cash flow turns negative on tungsten inventory Despite record profits, operating cash flow swung from $208 million positive to $4 million negative, and free cash flow from $121 million positive to $79 million negative, due to inventory built at high tungsten prices. This raises concerns about cash generation.
This is a real counterweight that could pressure the stock if cash flow remains weak.
Board additions bring strategic expertise Kennametal elected Dawne Hickton and Richard Harshman to its board. Hickton leads an additive manufacturing firm, and Harshman is a former CEO of ATI. Their experience could help guide strategy, though no immediate operational impact.
This governance change may improve long-term strategic direction, a mild positive.

Latest5 Aug – 23 Sep 2026

▲3▼1

Kennametal's record results and new additive carbide grade drive optimism

Record fiscal 2026 results and strong guidance Kennametal reported Q4 adjusted EPS of $2.96, up 770% year over year, and sales up 43% to $737 million, beating estimates. It initiated fiscal 2027 guidance with EPS of $4.15–$5.15 and sales of $3.33–$3.45 billion, boosting investor confidence.
This is the core positive fundamental news that directly lifts KMT's price.
New additive tungsten carbide grade KAF82 Kennametal launched KAF82, the first commercially scaled additive tungsten carbide grade for metal cutting tools. Two automotive OEMs already use it, and the company controls the powder supply, giving it a competitive edge and reducing tungsten use.
This innovation opens new markets and strengthens KMT's competitive position, supporting future growth.
Cash flow turns negative on tungsten inventory Despite record profits, operating cash flow swung from $208 million positive to $4 million negative, and free cash flow from $121 million positive to $79 million negative, due to inventory built at high tungsten prices. This raises concerns about cash generation.
This is a real counterweight that could pressure the stock if cash flow remains weak.
Board additions bring strategic expertise Kennametal elected Dawne Hickton and Richard Harshman to its board. Hickton leads an additive manufacturing firm, and Harshman is a former CEO of ATI. Their experience could help guide strategy, though no immediate operational impact.
This governance change may improve long-term strategic direction, a mild positive.

Linde plc Ordinary Shares (LIN)

Q3 202624 Jul – 11 Sep 2026

▲4

Linde wins big semiconductor gas deal, raises guidance, and attracts a major new investor

Major semiconductor gas supply win with $1.8B investment Linde won a long-term contract to supply ultra-high-purity gases to a top semiconductor maker, investing $1 billion in Phoenix and about $800 million in Taiwan. This locks in years of steady demand and shows Linde can win large, profitable projects.
This is the biggest new demand driver, directly boosting future revenue and backlog.
Full-year profit guidance raised on record sales and backlog Linde raised the low end of its full-year earnings-per-share forecast to $17.70–$17.90, with record sales and an $8.1 billion project backlog. More projects starting up later this year should add to profit, though US homecare remains a drag.
Guidance and backlog are key signals of future earnings power, directly supporting the stock.
Billionaire investor D1 Capital takes new $177 million stake Daniel Sundheim's D1 Capital bought over 340,000 Linde shares worth about $177 million. A well-known investor taking a new position can boost confidence and draw other buyers, though it is a single fund's move and not a guarantee.
A notable new institutional buyer can lift sentiment and demand for the shares.
Linde invests $400M in low-carbon ammonia plant project CF Industries and partners broke ground on a $3.7 billion low-carbon ammonia plant in Louisiana, with Linde investing over $400 million in an on-site air-separation unit. This adds a long-term supply contract and ties Linde to the growing clean-energy market.
New project investment expands Linde's long-term revenue base in low-carbon energy.

August 202624 Jul – 11 Sep 2026

▲4

Linde wins big semiconductor gas deal, raises guidance, and attracts a major new investor

Major semiconductor gas supply win with $1.8B investment Linde won a long-term contract to supply ultra-high-purity gases to a top semiconductor maker, investing $1 billion in Phoenix and about $800 million in Taiwan. This locks in years of steady demand and shows Linde can win large, profitable projects.
This is the biggest new demand driver, directly boosting future revenue and backlog.
Full-year profit guidance raised on record sales and backlog Linde raised the low end of its full-year earnings-per-share forecast to $17.70–$17.90, with record sales and an $8.1 billion project backlog. More projects starting up later this year should add to profit, though US homecare remains a drag.
Guidance and backlog are key signals of future earnings power, directly supporting the stock.
Billionaire investor D1 Capital takes new $177 million stake Daniel Sundheim's D1 Capital bought over 340,000 Linde shares worth about $177 million. A well-known investor taking a new position can boost confidence and draw other buyers, though it is a single fund's move and not a guarantee.
A notable new institutional buyer can lift sentiment and demand for the shares.
Linde invests $400M in low-carbon ammonia plant project CF Industries and partners broke ground on a $3.7 billion low-carbon ammonia plant in Louisiana, with Linde investing over $400 million in an on-site air-separation unit. This adds a long-term supply contract and ties Linde to the growing clean-energy market.
New project investment expands Linde's long-term revenue base in low-carbon energy.

Latest24 Jul – 11 Sep 2026

▲4

Linde wins big semiconductor gas deal, raises guidance, and attracts a major new investor

Major semiconductor gas supply win with $1.8B investment Linde won a long-term contract to supply ultra-high-purity gases to a top semiconductor maker, investing $1 billion in Phoenix and about $800 million in Taiwan. This locks in years of steady demand and shows Linde can win large, profitable projects.
This is the biggest new demand driver, directly boosting future revenue and backlog.
Full-year profit guidance raised on record sales and backlog Linde raised the low end of its full-year earnings-per-share forecast to $17.70–$17.90, with record sales and an $8.1 billion project backlog. More projects starting up later this year should add to profit, though US homecare remains a drag.
Guidance and backlog are key signals of future earnings power, directly supporting the stock.
Billionaire investor D1 Capital takes new $177 million stake Daniel Sundheim's D1 Capital bought over 340,000 Linde shares worth about $177 million. A well-known investor taking a new position can boost confidence and draw other buyers, though it is a single fund's move and not a guarantee.
A notable new institutional buyer can lift sentiment and demand for the shares.
Linde invests $400M in low-carbon ammonia plant project CF Industries and partners broke ground on a $3.7 billion low-carbon ammonia plant in Louisiana, with Linde investing over $400 million in an on-site air-separation unit. This adds a long-term supply contract and ties Linde to the growing clean-energy market.
New project investment expands Linde's long-term revenue base in low-carbon energy.